The thermal spray coatings market is projected to register a CAGR of 7.0% between 2020 and 2025. The thermal spray coatings market is estimated to be USD 7.6 billion in 2020 and is projected to reach USD 10.7 billion by 2025, at a CAGR of 7.0%. The growth in the aerospace, automotive, healthcare and other industries is driving the demand for thermal spray coatings. Low cost coating and improved shelf life of equipment or surface is expected to drive the growth of thermal spray coatings market. However, lack of knowledge and technical skills is restraining the growth of thermal spray coatings market. Additionally, recent outbreak of Covid-19 has resulted in shutting of manufacturing facilities across the globe which will have severe effect on the Thermal spray coatings market.
Ceramic, is the fastest-growing material in thermal spray coatings market The ceramic material is projected to register the highest CAGR during the forecast period.The growing demand for ceramic material is due to its cost efficiency and easy availability.
The growth is also driven by the growth in aerospace, healthcare, automotive and other end-use industries.Metal & alloys to be the second largest consumed material in thermal spray coatings market.
The increased usage of metals & alloys is attributed towards speed of coating deposition and feedstock flexibility on the surface or component.
North America to dominate thermal spray coatings market The North America is the largest consumer of thermal spray coatings market.This growth is mainly attributed to the increasing urbanization & modernization, increasing personal disposable income and growing demand from various end-use industries such as aerospace.
Aerospace industry in North America is in boom due to demand backlog of big manufacturers.Technological advancement and high skilled labor creates a lucrative growth opportunity in automotive and various other industries.
US to be the largest contributor to the thermal spray coatings market in the region.
Aerospace to dominate thermal spray coatings market in the forecast period The Aerospace industry is the largest consumer of thermal spray coatings market.This growth is attributed towards increasing consumption of thermal spray coatings from various end-use industries such as aerospace, automotive and other.
Moreover, boom in aerospace industry and demand backlog which is almost equal to 10 years. North America to be in lead in aerospace industry because of availability of big manufacturer such as Boeing.
Breakdown of primary interviews for the report on the thermal spray coatings market • By Company Type – Tier 1 – 20%, Tier 2 –45%, and Tier 3 – 35% • By Designation – C-Level – 25%, D-Level Executives – 20% and Others – 55% • By Region – North America – 10%, Europe- 20%, Asia-Pacific– 50%, Latin America- 15%, and Middle East & Africa – 5%.
The leading thermal spray coatings manufacturers, globally, profiled in this report are Praxair Surface Technologies, Inc (US), BodyCote (UK), Oerlikon Metco (Switzerland), Surface Technology (UK), H.C Starck Gmbh (Germany), F.W. Gartner Thermal Spraying (US), Arc Spray (Pty) Ltd (South Africa), Metallisation Limited (UK), Plasma-Tec, Inc. (US), C&M Technologies GmbH (Germany), AMETEK Inc. (US), Flame Spray SpA (Italy), BryCoat Inc. (US), Thermal Spray Technologies, Inc. (tst) (US).
Research Coverage: The report covers the thermal spray coatings market on the basis of materials, process, end-use industry and region.This report aims at estimating the size and future growth potential of the thermal spray coatings market across various segmentation types.
The report also includes an in-depth competitive analysis of the key market players along with their profiles and key growth strategies.
Key Benefits of Buying the Report From an insight perspective, this report has been focusing on various levels of analyses, which include industry analysis (industry trends) and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the thermal spray coatings market, high-growth regions, and drivers, restraints, opportunities, and challenges in the thermal spray coatings market.
The report provides insights on the following pointers: • Market Penetration: A comprehensive information on various materials and processes of thermal spray coatings offered by top players operating in the thermal spray coatings market. • Product Development/Innovation: A detailed insight into upcoming thermal spray coatings, R&D activities, and new application areas in various end-use industries in the thermal spray coatings market. • Market Development: A comprehensive information about the lucrative and emerging markets. The report analyzes the markets for thermal spray coatings across different regions. • Market Diversification: An exhaustive information about new products, untapped geographies, recent developments, and investments in the thermal spray coatings market. • Competitive Assessment: An in-depth assessment of strategies, products, and manufacturing capabilities of leading players in the thermal spray coatings market.
Our reports have been used by over 10K customers, including:
214 pages •
By Asia Market Information & Development Company
• Jul 2020
China’s demand for Driers has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and...
Growth of the polymer emulsion market is mainly driven by the growing end-use industries such as transportation, consumer durables, and building & construction, especially in developing countries. The global polymer emulsion market size is expected to be USD 25.2 billion in 2020 and is projected to reach USD 38.1 billion by 2025, at...
The Asia-Pacific paints and coatings market is estimated to witness a significant growth, at an estimated CAGR of over 5%, over the forecast period. Paints and coatings manufacturers are continuously developing innovating and sustainable solutions by advancing their formulations to cater to the growing market demand. - Increasing construction...
Powder Coatings market is projected to register a CAGR of 5.2 % between 2020 and 2025. The Powder Coatings market is projected to grow from USD 11.6 billion in 2020 to USD 14.9 billion by 2025, at a CAGR of 5.2% between 2020 and 2025. Strong growth can be witnessed in the powder coatings market in the APAC region,...
The paints & coatings market is projected to register a CAGR of 4.0%, in terms of value, between 2020 and 2025. The paints & coatings market is projected to grow from USD 147.2 billion in 2020 to USD 179.4 billion by 2025, at a CAGR of 4.0%, between 2020 and 2025. The increasing urban population is a significant...
The industrial coatings market is projected to register a CAGR of 3.9%, in terms of value, between 2020 and 2025. The industrial coatings market size is expected to grow from USD 85.2 billion in 2020 to USD 103.2 billion by 2025, at a CAGR of 3.9% during the forecast period. The increasing demand for environmentally-friendly...
Nanocoating Market Research Report by Type (Anti-Corrosion, Anti-Fingerprint, Anti-Microbial, Self-Cleaning, and Self-Healing), by Application (Automotive, Construction, Electronics, Energy, and Food & Beverage) - Global Forecast to 2025 - Cumulative Impact of COVID-19 The Global Nanocoating Market is expected to grow...
The polymer modified cementitious coatings market is projected to grow at a CAGR of 6.5% between 2020 and 2025 The polymer modified cementitious coatings market is estimated at USD 1.1 billion in 2020 and is projected to reach USD 1.5 billion by 2025, at a CAGR of 6.5% from 2020 to 2025. Increasing government initiatives...
The antimicrobial powder coatings market is projected to register a CAGR of 12.0%, in terms of value, between 2020 and 2025. The antimicrobial powder coatings market is projected to grow from USD 1.5 billion in 2020 to USD 2.7 billion by 2025, at a CAGR of 12.0%, between 2020 and 2025. The market is majorly driven...
300 pages •
By Persistence Market Research
• Aug 2020
Automotive Paint Market - Scope of the Report This report on the global automotive paint market.The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the automotive paint market structure. This market...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.